Panama Papers: David Cameron comes out all guns blazing, insisting MPs will not have to publish tax returns – as Labour MP Dennis Skinner is suspended over “dodgy Dave” jibe April 11, 2016 David Cameron came out all guns blazing this afternoon, slamming critics for their "deeply hurtful and profoundly untrue" comments about his father, while unveiling new measures designed to tackle tax evasion. The Prime Minister, who has been under growing pressure since his father was named in the so-called Panama Papers, accepted he should have addressed [...]
Steel crisis: Sajid Javid announces that government would consider going in on the purchase of Port Talbot with a commercial buyer April 11, 2016 Business secretary Sajid Javid announced in parliament today that government would consider co-investing in Port Talbot. Government would consider going in with another buyer on commercial deal, and that they had appointed accounting giant EY as a commercial adviser. "I've been in contact with potential buyers, making clear that the government stands ready to help," said [...]
Chancellor George Osborne shares his tax details for 2014/15, as Prime Minister David Cameron announces that nobody will be obliged to reveal their return April 11, 2016 Chancellor George Osborne has joined the list of politicians who have made their tax return public today. Osborne published a copy of a summary of his tax return for the 2014/15 tax year, revealing that he made a taxable income of £198,738 and paid income tax of £72,210. His income is compromised of £120,526 in taxable pay and [...]
This is how much tax Boris Johnson paid (and it’s the most of any politician so far) April 11, 2016 Tax returns are like buses. You spend ages waiting for one to turn up (or not, depending on your view of the world) and then three arrive all at once. Hot on the heels of George Osborne's and Jeremy Corbyn's comes that of London mayor Boris Johnson and it shows the now-Uxbridge MP has paid [...]
Now Jeremy Corbyn has published his tax return too (but what is Surrey income?) April 11, 2016 Anyone into the affairs of the nation's most powerful must be in ecstasy today: after David Cameron published details of his tax return yesterday and George Osborne waded in this afternoon, now Jeremy Corbyn has got involved, with details of his income. It's not very exciting, mind. Even as the Labour leader went head-to-head with the [...]
EU referendum: Former head of British Chambers of Commerce John Longworth condemns anti-Brexit multinational companies as “short-termist and narrowly focused” April 11, 2016 John Longworth, the former head of the British Chambers of Commerce, has accused large companies campaigning for Britain to remain in the European Union of being “short-termist and narrowly focused”. Longworth stepped down from his position as director-general of the BCC last month after he was suspended for expressing his support for a so-called Brexit. [...]
David Cameron to tell MPs: Companies will be criminally liable for employees who facilitate tax evasion April 11, 2016 Companies whose employees facilitate tax evasion will be held criminally liable, David Cameron will tell MPs today. The Prime Minister will address the Commons after a week in which his personal tax affairs came under scrutiny. Cameron was accused of hypocrisy last week by Labour after he confirmed that he had a stake in his [...]
London Mayoral Election: Zac Goldsmith presses for cuts to tax and red tape April 11, 2016 Zac Goldsmith is pledging to support further cuts to corporation tax if he becomes mayor of London today as the Richmond Park MP launches his mayoral manifesto. The Conservative candidate for mayor will also seek to set himself apart from Labour’s Sadiq Khan by championing deregulation of the City and encouraging less red tape for start-ups. [...]
EU referendum: New guidelines on campaign limits during the referendum period to be published, after big bosses demand clarity April 10, 2016 The Electoral Commission is understood to be publishing an updated set of guidelines tomorrow regarding what businesses are allowed to do once the EU referendum period formally begins on Friday. The move, which was first reported by Sky News, comes as some of the bosses at the UK's largest companies are warning that they'll be keeping their mouth [...]
Panama Papers scandal: What we know about the new UK tax taskforce so far April 10, 2016 Earlier today, Prime Minister David Cameron announced that a new tax taskforce would be set up to deal with the fallout from the Panama Papers report. (He also shared a letter from his accountant, which you may have heard about.) While the precise details of the taskforce are still foggy, here's what we've discovered so far: [...]